Saturday, June 25, 2022

A company insider recently sold 4,790 shares of Lattice Semiconductor Corporation [LSCC]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lattice Semiconductor Corporation shares valued at $219,836 were sold by O’Rourke Glenn on Jun 14. At $45.89 per share, O’Rourke Glenn sold 4,790 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Douglass Stephen sold 2,512 shares, netting a total of over 130,376 in proceeds. Following the sale of shares at $51.90 each, the insider now holds 115,279 shares.

Before that, ANDERSON JAMES ROBERT had sold 28,858 shares from its account. In a trade valued at $1,381,513, the President & CEO traded Lattice Semiconductor Corporation shares for $47.87 each. Upon closing the transaction, the insider’s holdings decreased to 28,858 shares, worth approximately $36.21 million.

As published in a research note from Susquehanna on May 24, 2022, Lattice Semiconductor Corporation [LSCC] has been rated up from a Neutral to a Positive and the price target has been revised to $65. This represents a 26.49% premium over Wednesday’s closing price. Analysts at Rosenblatt resumed the stock at ‘”a Buy”‘ outlook in a report released in early November. As of November 03, 2021, KeyBanc Capital Markets has reiterated its “an Overweight” rating for LSCC. Earlier on November 03, 2021, Craig Hallum resumed its rating. Their recommendation was “a Hold” for LSCC stock.

Analyzing LSCC’s Price Performance

On Wednesday, Lattice Semiconductor Corporation [NASDAQ: LSCC] plunged -1.08% to $47.78. The stock’s lowest price that day was $46.67, but it reached a high of $48.24 in the same session. During the last five days, there has been a surge of approximately 0.04%. Over the course of the year, Lattice Semiconductor Corporation shares have dropped approximately -38.00%. Shares of the company reached a 52-week high of $79.22 on 01/04/22 and a 52-week low of $43.59 on 05/09/22. A 50-day SMA is recorded $49.19, while a 200-day SMA reached $62.15. Nevertheless, trading volume fell to 1.47 million shares from 1.96 million shares the previous day.

Support And Resistance Levels for Lattice Semiconductor Corporation (LSCC)

According to the 24-hour chart, there is a support level at 46.89, which, if violated, would cause prices to drop to 45.99. In the upper region, resistance lies at 48.46. The next price resistance is at 49.13. RSI (Relative Strength Index) is 46.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.15, which suggests the price will decrease in the coming days. Percent R is at 65.62%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of Lattice Semiconductor Corporation (LSCC)?

According to BlackRock Fund Advisors filings, the company currently owns 15,734,898 shares, which is about 11.43% of the total LSCC shares outstanding. The investor’s shares have appreciated by 159,425 from its previous 13-F filing of 15575473.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $716,559,686. Artisan Partners LP acquire a 0.85% interest valued at $498.8 million while T. Rowe Price Associates, Inc. sold a -89,839 stake. A total of 524,826 shares of Lattice Semiconductor Corporation were sold by Neuberger Berman Investment Advis during the quarter, and 377,762 were bought by Invesco Advisers, Inc. In its current portfolio, AllianceBernstein LP holds 4,896,893 shares valued at $254.74 million.

In terms of Lattice Semiconductor Corporation share price expectations, FactSet research, analysts set an average price target of $71.56 in the next 12 months, up nearly 49.07% from the previous closing price of $48.30. Analysts anticipate Lattice Semiconductor Corporation stock to reach $95.00 by 2022, with the lowest price target being $55.00. In spite of this, 11 analysts ranked Lattice Semiconductor Corporation stock as an Overweight at the end of 2022. On August 04, 2021, The Benchmark Company assigned a price target of “a Buy” to the stock and resumed coverage with a $66.

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